Posts by Liam Redmond
Oil gains as Middle East hostilities flare
The IEA’s warning that global oil inventories could hit critical levels ahead of peak summer demand Published Thu, Jun 4, 2026 · 06:14 AM [NEW YORK] Oil prices rose around 2 per cent on Wednesday (Jun 3), extending the previous session’s gains, as hostilities in the Middle East erupted anew and talks between Teheran and…
Read MoreUS tech stocks’ market dominance presents new risks as it reaches new heights
The sector’s share of the S&P 500 is well above dotcom bubble-era levels; investors are wary of an AI trip-up Published Thu, Jun 4, 2026 · 06:00 AM [NEW YORK] The charge higher in US technology stocks has made broader indices as reliant as ever on the group – and more vulnerable should those market…
Read MoreWall Street ends lower as Middle East tensions escalate
Published Thu, Jun 4, 2026 · 05:46 AM [NEW YORK] Wall Street stocks pulled back from record highs on Wednesday (Jun 3) as flaring tensions in the Middle East and rising crude prices stoked inflation jitters and convinced investors to take some profits. All three major US stock indexes closed in negative territory, dragged lower…
Read MoreEuropean stocks fall as private market stress, Middle East tensions dent sentiment
The European Central Bank is set to raise interest rates by 25 basis points next week Published Thu, Jun 4, 2026 · 05:29 AM [BENGALURU] European shares slipped on Wednesday (Jun 3) as escalating Middle East tensions and fresh jitters over private markets pushed investors out of riskier assets, though gains in retailers helped limit…
Read MoreUS factory orders post biggest gain in 11 months in April
Published Wed, Jun 3, 2026 · 11:50 PM [WASHINGTON] New orders for US factory goods posted their biggest increase in nearly a year in April, amid strong demand for commercial aircraft and a range of other goods. Factory orders surged 4.8 per cent, the largest rise since May 2025, after an upwardly revised 1.8 per…
Read MoreNissan inks deal to make cars by Chery at its UK plant
The factory in Sunderland could start producing the Chinese brand’s vehicles as soon as 2027 Published Wed, Jun 3, 2026 · 11:42 PM NISSAN Motor is exploring sharing its factory in Sunderland with China’s Chery, in a deal that would ease concerns about the future of Britain’s largest car plant. The non-binding memorandum of understanding…
Read MoreUber cuts 23% of people division as new president takes charge
The layoffs represent less than 1% of the ride-share company’s global workforce Published Wed, Jun 3, 2026 · 11:04 PM UBER Technologies said on Wednesday (Jun 3) that it is cutting 23 per cent of jobs in a division that includes human resources, recruitment, workplace facilities and culture. This comes as part of a move…
Read MoreTiger Brokers to suspend investors in mainland China from adding new positions
However, they can buy or sell securities from existing accounts when they travel offshore Published Wed, Jun 3, 2026 · 06:55 PM [HONG KONG] Tiger Brokers will bar China-based investors from adding to their positions from Jun 12 when they are physically on the Chinese mainland, the Singapore-headquartered trading firm said in a notice to…
Read MoreSingapore stocks end higher as DBS, OCBC hit fresh highs; STI up 0.8%
Published Wed, Jun 3, 2026 · 06:45 PM [SINGAPORE] Singapore stocks ended higher on Wednesday (Jun 3), led by gains across the three local banks. The benchmark Straits Times Index (STI) rose 0.8 per cent, or 40.82 points, to close at 5,138.24. DBS gained 0.6 per cent or S$0.38 to S$65.05; OCBC climbed 1.9 per…
Read MoreChina taps new state investment firm to help coordinate its global metals and mining deals
Published Wed, Jun 3, 2026 · 06:41 PM [BEIJING] China has chosen a new state investment company to help coordinate its overseas metals and mining deals, and counter mounting geopolitical risks that threaten its ability to secure resources, according to people familiar with the matter. The National Development and Reform Commission (NDRC), the government’s economic…
Read MoreRupiah hits new low, breaches 14,000 threshold against Singdollar
[SINGAPORE] The Indonesian rupiah fell past a historic threshold against the Singapore dollar on Wednesday (Jun 3), breaching the SGD/IDR 14,000 mark for the first time as escalating oil prices and fiscal pressures weighed on Indonesian markets. As at 3.58 pm in Singapore, SGD/IDR stood at a high of 14,025.65. By 5.43 pm, it was…
Read MoreValue of Huntington Beach defense tech startup balloons to $1.8 billion
California defense tech startup Mach Industries said Tuesday it raised $300 million, nearly quadrupling the company’s valuation to $1.8 billion within a year. The Huntington Beach startup’s soaring valuation underscores how defense tech funding is booming as armed conflicts such as the Iran war and the Russian-Ukrainian war continue. Infinite Capital and Rabbit Capital led…
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